GLP closes China Income Fund XIV with $359.5m AUM

The fund is seeded with five income-generating logistics and industrial assets.

GLP Pte Ltd has closed its China Income Fund XIV with nearly $359.5m (RMB2b) of assets under management, in partnership with a global institutional investor.

The onshore fund is seeded with five stabilised income-generating logistics and industrial assets from GLP’s balance sheet.

The portfolio serves domestic consumption-focused customers in sectors such as third-party logistics, e-commerce and automobile-related industries.

RMB1 = $0.18

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